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Budapest bourse owner not for sale, seeks to strengthen regional ties

 

Wiener Börse, the owner of the Budapest Stock Exchange is not for sale, but is looking for strategic cooperation with other bourses in the region, the company’s co-CEO Michael Buhl told the Financial News daily.

 

Buhl refuted news of a possible takeover that emerged following reports that Wiener Börse was approached by two major stock exchange operating firms. “We are not for sale and we are striving to bring our Austrian, Slovenian, Czech, and Hungarian markets closer. I do not see the value that could be added through such a transaction, we would only be marginalized in a bigger company,” he told the paper.

 

Wiener Börse already has interests in three regional stock exchanges. It owns 50.5% of the Budapest Stock Exchange, 81% in the Ljubljana bourse as well as 92.7% in Prague. The four companies set up CEE Stock Exchange Group (CEESEG) last year, a holding firm. The group has signed cooperation agreements with smaller trading hubs in the region, such as the stock exchanges of Bulgaria, Croatia, Romania and Serbia.